Labour party

Thursday

Matthew Lynn

Industry tragedy, Trump vs the Pope & the depressing reality of sex parties

42 min listen

This week: the death of British industry In the cover piece for the magazine, Matthew Lynn argues that Britain is in danger of entering a ‘zero-industrial society’. The country that gave the world the Industrial Revolution has presided over a steep decline in British manufacturing. He argues there are serious consequences: foreign ownership, poorer societies, a lack of innovation, and even national security concerns. Why has this happened? Who is to blame? And could Labour turn it around? Matthew joined the podcast, alongside the head of the Trades Union Congress (TUC), Paul Nowak. (1:05) Next: the Pope takes on President Trump The Pope has nominated Cardinal Robert McElroy to be

Katy Balls Katy Balls

Reeves vs Miliband

10 min listen

After last week’s bond market jitters, the Chancellor pledged to go ‘further and faster’ to improve the UK’s anaemic economic growth. It looks as though Rachel Reeves’ hunt for growth could come at the expense of Labour’s green agenda. Reeves is poised to make a series of announcements over the next month, starting with a softened stance on non-doms and approval for Heathrow’s third runway – as well as expansions at Gatwick and Luton airports. The move indicates a shift in priorities, with economic growth taking precedence over climate targets. Ed Miliband, the Energy Secretary, is believed to be privately opposed to the airport expansion scheme. What happened to the

The Spectator

Letters: Were we deceived by Labour?

Forced Labour Sir: Matthew Parris wonders ‘Why was everyone fooled by Rachel Reeves?’(18 January) and goes on to include Sir Keir Starmer in this question. The former he concludes is ‘an empty vessel’ and the latter ‘bereft of ideas’. By ‘everyone’ he chiefly means the commentariat, although he claims he was not himself misled. They and many others were fed up with the failure of successive Conservative governments, and wanted so badly to believe in Labour’s ability to form an effective administration that they never seriously applied due diligence by questioning its credibility or competences. At no stage were any stones lifted to determine what ‘nasties’ lay underneath. As a

Katy Balls Katy Balls

Labour’s Richard Hermer problem

Keir Starmer surprised his colleagues during his first week in power when he appointed his old friend Richard Hermer KC as Attorney General. Emily Thornberry, the holder of the role in opposition, was banished to the backbenches. Senior Labour figures had sensed something was afoot. ‘Sue [Gray] was keeping those transition talks under lock and key,’ recalls one Labour bigwig. The idea was that Starmer would have a trusted, authoritative voice to turn to on legal matters. The pair are old pals; Starmer even gave a toast when Hermer took silk in 2009. His appointment, however, has come with baggage. Hermer’s former clients include Sri Lankan refugees to the Chagos

Monday

Katy Balls

Could Trump 2.0 derail the Starmer project?

13 min listen

The parties – and protests – have already kicked off, as Trump’s inauguration gets underway in Washington D.C. today. Katy Balls speaks to Michael Gove and Republicans Overseas UK’s Sarah Elliott about what we can expect from the first week of Trump’s second presidency, and how Keir Starmer will attempt to navigate the ‘special relationship’. Sarah updates us on the mood in the US capital; which UK politicians have been spotted joining in on the fun? Produced by Patrick Gibbons.

Thursday

Matthew Parris

Why was everyone fooled by Rachel Reeves?

It is some time since I could claim any close acquaintance with the daily skirmishes of workaday Westminster. From risers and fallers on the stock exchange of parliamentary esteem I stand somewhat aside these days: no longer a war correspondent sending back dispatches from the battles between tribes in the febrile atmosphere and smelly carpets of that suffocating fake-gothic palace. Such warfare needs to be reported, but in this I yield to colleagues better placed to report. It seemed Starmer and Reeves had allowed themselves to be persuaded that what they were not was enough If I’ve had any useful contribution – if as a commentator I’ve shed any light

Peter Jones

What Bridget Phillipson has in common with Plato

One does not like to disagree with one’s editor, but while the image of Rome salting the earth of its bitter rival Carthage is a striking way of describing Labour’s plan to wreck our current system of education, Rome was not in the habit of destroying the advantages that its conquests produced. The salting story is a 19th-century invention, endorsed by no less an authority than the Cambridge Ancient History (1930), but now rescinded. As Mr Gove made clear in last week’s magazine, the universal imposition of a national curriculum, among other measures, will remove the freedom and choice – the two words you will find nowhere in discussion of

Katy Balls Katy Balls

Labour is starting to panic about Reform

‘We’ve had enough of living in two-tier Britain,’ bellows Nigel Farage to cheers from an 800-strong crowd at Chester’s Crowne Plaza Hotel, where he is holding court. ‘There is not a single person on that Labour frontbench who’s ever worked in private business,’ the Reform leader declares. ‘So, is it any wonder they’re making such a Horlicks of it?’ Chester is the sixth stop on Farage’s new year tour, which was initially intended to sound a steady drumbeat in the lead-up to May’s local elections. Since those plans were made, however, Labour has announced a devolution shake-up that could allow various councils to delay their elections by a year. ‘It’s

Monday

Oscar Edmondson

Why hasn’t Tulip Siddiq been sacked yet?

18 min listen

It’s rare that a world leader knows the name of a junior minister in the British government – let alone calls for them to be sacked. Yet that is the feat achieved by Tulip Siddiq, No. 4 in Rachel Reeves’s Treasury team. The anti-corruption minister is now facing calls to resign from the leader of Bangladesh, who condemned the use of properties gifted to her and her family by its former regime. Elsewhere, Tory leader Kemi Badenoch joined the chorus of people calling for Siddiq to resign over the weekend, warning of a diplomatic crisis. On the Sunday media round, even Science Minister Peter Kyle refused to say that the

Sunday

Steerpike

When will Tulip Siddiq be sacked?

It’s rare that a world leader knows the name of a junior minister in the British government – let alone is calling for them to be sacked. Yet that is the feat achieved by Tulip Siddiq, No. 4 in Rachel Reeves’ Treasury team. The anti-corruption minister is now facing calls to resign from an unlikely source after the leader of Bangladesh condemned the use of properties gifted to her and her family by its former regime. Muhammad Yunus told the Sunday Times today that the London properties used by Siddiq should be investigated and returned if she is found to have benefited from ‘plain robbery’. Yunus has some authority here: he, after

Steerpike Steerpike

Press barred from grilling Starmer’s Chagos chum

There are just eight days to go until Donald Trump takes office. So the question much of Whitehall is asking is: will David Lammy’s Chagos deal get over the line in time? The agreement to hand the valuable cluster of islands to Mauritius has been attacked by China hawks in the U.S – including Marco Rubio, Trump’s pick for Secretary of State. He has decried the deal as ‘a serious threat to our national security interests in the Indian Ocean.’ Given those risks, why is the Labour government so intent on pressing ahead? After all, handing over British territory isn’t cheap: the current bill stands at £9 billion for UK

Steerpike Steerpike

How green is the government’s car service?

The government’s green credentials are in the firing line – and not for the first time. In office, Keir Starmer has sparked headlines with seemingly endless plane trips abroad. And now Mr S has done some digging to find out what ministerial cars are being used to ferry our leaders around. A Freedom of Information request on the Government Car Service reveals that the Department for Transport invoiced more than £1.3 million to government departments making use of ministerial motors over Labour’s first three months in power. But Mr S is a little sceptical about Whitehall’s commitment to its electric vehicle ‘revolution’ – not least because the bulk of its

Friday

Cindy Yu

Can Musk oust Starmer?

11 min listen

The war between Labour and Elon Musk continues to rage. Today the Financial Times reports that the tech tycoon has had discussions about ousting Keir Starmer before the next election, while the Mirror holds a report that the Home Office has been assessing Elon Musk’s tweets as a part of their efforts to tackle online extremism. Cindy Yu talks to Katy Balls and James Heale about whether Musk can really threaten Starmer’s position. Produced by Cindy Yu.

Thursday

Kate Andrews

Borrowing costs soar – will Rachel Reeves have to go back on her word?

12 min listen

Long term borrowing costs for the government have reached levels not seen since 1998, and 10 year UK gilts are now at their highest point since the 2008 financial crash. Both surpass the levels seen during the Liz Truss premiership – and this hasn’t gone unnoticed by the former PM. A set of similar circumstances, but could the consequences be the same? What are the economic – and political – challenges facing Keir Starmer and Rachel Reeves? James Heales speaks to Kate Andrews and Katy Balls to unpack the latest tranche of economic data. Produced by Patrick Gibbons. 

Katy Balls Katy Balls

‘There’s been a vibe shift’: welcome to the new political disorder

Donald Trump isn’t back in the White House yet, but already his victory is being felt across the world. Greenland is pondering the prospect of an invasion after the President-elect refused to rule it out during a Mar-a-Lago press conference. In Canada, the last western leader from the days before Trump has just exited the stage. Justin Trudeau, the one-time liberal hero, quit earlier this week in the face of tanking ratings. Nick Clegg, the former Liberal Democrat leader, is out at Meta and the billionaires of Silicon Valley are bracing themselves for what comes next. Mark Zuckerberg has announced sweeping changes (including an end to fact-checkers) in response to

Monday

James Kanagasooriam and Patrick Flynn

Right move: will Britain benefit from the global conservative turn?

The world appears to be turning on its axis – and moving hard to the right. The New World is tilting hardest. In Argentina, Javier Milei is taking a chainsaw to bureaucracy. In the US, Donald Trump is poised to deport migrants, deregulate the economy and drill, baby, drill. Canada’s tendresse for the maple-syrupy liberal Justin Trudeau has chilled into a bitter determination to oust him in favour of the anti-woke, pro-growth ‘true conservative’ Pierre Poilievre.  And where the New World has led, the Old is following. Giorgia Meloni is now Europe’s most consequential leader – upholder of some pretty traditional values with a strikingly hard policy on migration. Germany goes to the polls next

James Heale James Heale

Rachel Reeves’s new year’s resolution

On Christmas Day, 12 million people watched the will-they-won’t-they couple Smithy and Nessa finally marry after 17 years in the finale of the hit BBC comedy series Gavin and Stacey. Yet for all the cheery sentiment, it’s a depressing thought that – statistically – in the real world the characters would be earning roughly the same amount at the series’ end in 2024 as they were at its beginning in 2007. Rachel Reeves’s task this year is to spring Britain from its low-growth trap. The early signs are not encouraging. Those captains of industry whom she once so assiduously courted are turning hostile. The Confederation of British Industry says private

Martin Vander Weyer Martin Vander Weyer

My business predictions for 2025

Headed for ‘the worst of all worlds’ is not where any of us would wish to find ourselves at the start of the new year. But that was the phrase used by the CBI economist Alpesh Paleja to sum up the predictions of member businesses – of reduced hiring and output, rising prices and weak growth. Since that survey, a revision to zero of the official growth figure for the third quarter of 2024 and reports of depressed pre- and post-Christmas consumer spending have provoked even darker whispers of a return to recession. Whence cometh such pessimism? Has it bubbled out of the Tories’ black hole of fiscal shame? Can

Thursday

Kate Andrews

UK interest rates held, plus could Musk fund Reform?

10 min listen

The Bank of England has voted to hold interest rates at 4.75%. The Spectator’s economics editor Kate Andrews joins Katy Balls and Freddy Gray to discuss the decision and what this means for the economy.  Also on the podcast they discuss how a potential donation from Elon Musk to Reform UK has rattled politicians across the political spectrum. Could Labour seek to reform political donation rules to limit donations from foreign owned companies? And is this a sensible move, or could those in favour of changing the rules face a charge of hypocrisy? Produced by Patrick Gibbons and Oscar Edmondson.

Wednesday

Katy Balls

Rising inflation will make Rachel Reeves’s job harder

12 min listen

New figures have shown that, for the year to November, inflation rose by 2.6%. While unsurprising, how much will this impact the Chancellor’s plans going into the new year? Katy Balls speaks to Kate Andrews and Isabel Hardman about the impact on Labour, especially given their October budget. Also on the podcast: do the WASPI women deserve compensation? The team discuss Liz Kendall’s announcement that Labour will not recompense women who faced pension changes; they also discuss the last PMQs of 2024. Produced by Patrick Gibbons and Oscar Edmondson.